In 2014, Quasar Ltd. acquired all of the common stock of Penlight Laser for $125.60 million. The fair value of Penlight's identifiable tangible and intangible assets totaled $207.40 million, and the fair value of liabilities assumed by Quasar was $96.60 million. Quasar performed a required goodwill impairment test at the end of its fiscal year ended December 31, 2016. Management has provided the following information: Determine the amount of goodwill that resulted from the Penlight acquisition. Determine the amount of goodwill that resulted from the Penlight acquisition. Determine the amount of goodwill impairment loss that Quasar should recognize at the end of 2016, if any. If an impairment loss is required, prepare the journal entry to record the loss